The Permanent 2010-1 deal follows on from Lloyds’ residential mortgage backed securities (RMBS) issue in September last year, which at the time was hailed for effectively reopening the European securitisation market. The deal in September was worth £4bn and was hugely over-subscribed by investors. The total transaction size of the new deal is £2.5bn, and is spread across sterling, euro and dollar tranches.
Lloyds Banking Group launches £2.5bn RMBS issue
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